Shares of The Kraft Heinz Company (KHC) Drops by -1.1%

The Kraft Heinz Company (KHC) has risen sharply, recording gains of 4.76% in the past 4 weeks. However, the stock has corrected -1.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 4.36%.

The Kraft Heinz Company (NASDAQ:KHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.90 and $88.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.86, notching a gain of 0.59% for the day. The total traded volume was 2,311,908 . The stock had closed at $88.34 on the previous day.


The company Insiders own 26.92% of The Kraft Heinz Company shares according to the proxy statements. Institutional Investors own 61.72% of The Kraft Heinz Company shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kraft Heinz Co, Jackson Jeanne P had purchased shares worth of $326,482 in a transaction dated on October 28, 2015. A total of 4,330 shares were purchased at a price of $75.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.